CLAIM #55045 · AT&T Inc. (T) · 2023Q2 earnings call · Jul 26, 2023 · due Dec 31, 2023
“But look, I feel really comfortable about our ability to continue to add along the clip that we're adding right now, because we're more dependent on share take than we are on mover activity.”
John Stankey · CEO
In context
“bit softer in the second quarter? John Stankey: I'm sorry Phil. Philip Cusick: Seasonally stronger. John Stankey: Yes. So yes, there is that seasonal movement in fiber and broadband and I apologize for misunderstanding your question. There is probably two things driving it. One is, you probably heard from others in the industry, there is less move activity going on in general. And that has had a degree of impact. There is the seasonal dynamic that occurs in some of the out for college and university work as well. I expect that things are probably going to continue to be a bit softer in the market, because I don't expect that we're going to see housing movement necessarily recover. I don't -- I think it's an artifact of mortgage rates and people's ability to make those discretionary moves. But look, I feel really comfortable about our ability to continue to add along the clip that we're adding right now, because we're more dependent on share take than we are on mover activity. And that's a little bit different for us than maybe others in the market that don't necessarily have the share take opportunity that we have. So I don't think you're going to see further slowing on what we've kind of witnessed in the second quarter. And I think you will see a little bit of a seasonality uptick that's going to come with what typically happens in third quarter, but it will be a bit muted, because I expect that there's going to be a little bit less movement activity in the housing market. Philip Cusick: Thanks, John. Operator: Our next question will come from the line of Michael Rollins of Citi. Please go ahead. Michael Rollins: Hi. Good morning. Just curious if you can give us an update on your longer-term thoughts of where you want to see your fiber and broadband footprint”
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SEC filings for T ↗ · Claim quote is verbatim from the 2023Q2 earnings call.